COUNT IT: China Hikes Reserve Requirements By Another 50 Basis Points

zhou china chinese

China just announced a 0.5 reserve requirement hike, the third hike already in 2011.

Shanghai stocks dived on rumours of a hike over the weekend.

China is expected to hike rates significantly over the year to tame inflation. Previous moves includes a 0.25 hike on Feb. 8 and a 0.5 hike on Jan. 20.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at